Code of Virginia - Title 59.1 Trade And Commerce - Section 59.1-505.11 Financing arrangements; effect on licensor's rights

§ 59.1-505.11. Financing arrangements; effect on licensor's rights

(a) The creation of a financier's interest does not place any obligations on or alter the rights of a licensor.

(b) A financier's interest does not attach to any intellectual property rights of the licensor unless the licensor expressly consents to such attachment in a license or another record.

(2000, cc. 101, 996.)

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Last modified: April 3, 2009